secwatch.observer — SEC 8-K summary
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Issuer:     MANNATECH INC (MTEX)
CIK:        0001056358
Form:       8-K
Filed at:   2023-03-17T23:59:59+00:00
Accession:  0001056358-23-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mannatech Q4 net loss $7.0M vs prior-year profit; sales fell 13.2%
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- Net sales $34.3M, down 13.2% YoY; constant-currency decline 5.1%; FX hurt by $3.2M.
- Q4 net loss $7.0M ($3.78 diluted EPS) vs net income $2.6M ($1.25) a year ago.
- Operating loss of $2.7M vs operating income $1.0M; gross margin fell to 69.0% from 77.5%.
- Tax provision $3.4M due to Korea tax audit settlement and valuation allowance on U.S. deferred tax assets.
- Associate and preferred customer positions declined to ~145,000 from ~163,000; recruiting down 3.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056358/000105635823000020/0001056358-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056358/000105635823000020/mtex-20230317.htm
  HTML page:      https://secwatch.observer/filing/0001056358-23-000020

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